Basics of Accounting

Friends, Let me update the "Basics of Accounting" in simple, understandable language. Click on the topic to go through the particular one. The topics planned to be covered are as below :

Introduction to Accounting	Definition of Accounting Need and Importance Objectives and Scope of Accounting Accounting Process Accounting and Book-keeping Branches of accounting Basic accounting terms Basic accounting terms - Cont'd Basic accounting terms - Cont'd Basic assumptions Accounting Concepts Accounting Conventions Classification of Accounts Accounting Standards Double Entry System Golden rules of accounting Accounting Cycle
Journal	Source Documents Steps in Journalising Accounting equation
Ledger	Ledger Format Posting in a Ledger Balancing an account Distinction between journal and ledger
Subsidiary Books	Subsidiary Books Advantages of maintaining Subsidiary Books Cash Book - Features & Kinds of cash books Petty Cash Book Purchases Book Sales Book Returns Book Purchases Return Book Sales Return Book Bill of exchange Bills Books
Bank Reconciliation Statements	Bank Reconciliation Statements Causes of disagreement between balance shown by cash book and the balance shown by pass book Preparation of Reconciliation Statement
Trial Balance	Trial Balance Feature’s of a Trial Balance Preparation of Trial Balance Advantages of Trial Balance Purpose of a Trial Balance Forms of a Trial Balance Trial Balance - Methods Errors in Accounting Clerical Errors Type of error and whether it will affect trial balance Steps to Locate the Errors Suspense Account Rectification of errors Rectification of errors – Examples
Capital and Revenue Transactions	Capital and Revenue Transactions Capital Transactions Revenue Transactions Deferred revenue transactions Capital, Revenue and Deferred revenue transactions - Distinction Capital and revenue profit & Capital and revenue loss
Final Accounts	Final Accounts Trading account Profit and loss account Balance sheet-Assets-Liabilities-Stockholders' Equity Classification of Assets and Liabilities - Assets Classification of Assets and Liabilities - Liabilities Marshalling of Assets and Liabilities Balance Sheet Equation Balance Sheet - Illustration Difference between Trial Balance and Balance Sheet